Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2003
In 2003, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 454 mortgage applications totaling $106.2 million. The average application was for $233,894, and applicants reported an average income of $257,447. 83% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Washington, DC-MD-VA-WV (14), Charlottesville, VA (2) and Norfolk-Virginia Beach-Newport News, VA-NC (1) (applications in parentheses).
| Mortgage Company & Address | Burke & Herbert Bk & Tr Co 100 S. Fairfax St Alexandria, VA 22315 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 454 |
| Total Mortgage Loan Application Amount | $106,188,000 |
| Average Mortgage Loan Application Amount | $233,894 |
| Highest Mortgage Loan Application Amount | $2,040,000 |
| Average Applicant Income | $257,447 |
| Highest Applicant Income | $5,700,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Washington, DC-MD-VA-WV | 14 | $ 3,158,000 | $ 225,571 | $ 153,000 |
| Charlottesville, VA | 2 | $ 925,000 | $ 462,500 | $ 351,000 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 1 | $ 321,000 | $ 321,000 | $ 372,000 |
| Orange County, CA | 1 | $ 296,000 | $ 296,000 | $ 84,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 50,000 | $ 50,000 | $ 123,000 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2003
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 263 | $56,753,000 | $197,666 | $1,500,000 | $186,000 | $5,700,000 |
| Home Purchase (one-to-four family) | 160 | $45,665,000 | $279,750 | $2,040,000 | $223,250 | $1,010,000 |
| Home Improvement (one-to-four family) | 29 | $2,920,000 | $269,000 | $450,000 | $162,500 | $740,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 2 | $850,000 | $425,000 | $600,000 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 319 | $77,353,000 | $209,166 | $2,040,000 | $170,500 | $1,052,000 |
| Not applicable | 41 | $9,973,000 | $195,000 | $950,000 | $466,000 | $5,700,000 |
| Black | 26 | $4,875,000 | $171,500 | $1,000,000 | $132,500 | $212,000 |
| Asian or Pacific Islander | 22 | $3,573,000 | $162,000 | $345,000 | $142,000 | $624,000 |
| Other | 15 | $3,098,000 | $319,500 | $640,000 | $201,500 | $585,000 |
| Hispanic | 14 | $2,448,000 | $167,000 | $409,000 | $256,000 | $352,000 |
| Information not provided by applicant in mail or telephone application | 13 | $2,343,000 | $233,000 | $379,000 | $133,000 | $585,000 |
| American Indian or Alaskan Native | 4 | $2,525,000 | $520,500 | $1,040,000 | $169,000 | $300,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 454 | $106,188,000 | $209,857 | $2,040,000 | $168,714 | $5,700,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 379 | $77,153,000 | $168,000 | $1,116,000 | $237,800 | $5,700,000 |
| Application Approved But Not Accepted | 34 | $15,339,000 | $432,333 | $2,040,000 | $182,000 | $800,000 |
| Application Denied By Financial Institution | 31 | $10,568,000 | $331,500 | $1,040,000 | $152,000 | $350,000 |
| Application Withdrawn By Applicant | 8 | $2,553,000 | $309,000 | $660,000 | $121,000 | $436,000 |
| File Closed For Incompleteness | 2 | $575,000 | $287,500 | $465,000 | $150,000 | $240,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burke & Herbert Bk & Tr Co's 2003 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Burke & Herbert Bk & Tr Co's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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